ABA Journal

Lawyer Pay

1313 ABA Journal Lawyer Pay articles.

Law firms came ‘dangerously close’ to losing almost a quarter of their associates in 2021, new report says

Law firms “are spending huge amounts of money and putting their profits at increasing risk” as they battle to hold on to their associates, according to a report released Tuesday.

As a slew of BigLaw firms match bonuses, some boutique firms join the pack

Some boutique law firms are matching or even surpassing BigLaw’s year-end associate bonus scale of up to $115,000 for the most senior associates.

Law firm earned $6.8M for indigent defense since 2016, according to state’s overbilling suit

A lawyer who was once the highest-paid public defense lawyer in Maine is facing a state lawsuit contending that she and her law firm misrepresented the hours that they worked on behalf of indigent defendants.

Lawyer burnout is ‘a real issue’ as demand for legal work outpaces growth in lawyer head count

Law firms will be able to easily absorb higher expenses driven by a talent war because of strong revenue growth in 2021, according to the 2022 Citi Hildebrandt Client Advisory released Thursday.

Cravath, first to announce year-end bonuses, is among the firms matching Davis Polk’s special bonuses

Cravath, Swaine & Moore—the first law firm to announce year-end associate bonuses of up to $115,000—has matched additional special bonuses being paid by Davis Polk & Wardwell.

Cravath abandons strict lockstep compensation for partners

Updated: Cravath, Swaine & Moore announced in a memo Monday that it is abandoning its strict lockstep compensation system for partners.

Finally! Davis Polk announces special bonuses in addition to Cravath match

Davis Polk & Wardwell announced year-end bonuses Monday that match Cravath's scale while adding special bonuses of 20% for all but the class of 2021.

Why is BigLaw delaying bonus announcements?

After Cravath, Swaine & Moore announced year-end bonuses of up to $115,000 for associates Nov. 22, a handful of law firms quickly chimed in. Since then, however, things have been quiet on the bonus front.

Jurors rule against associate who sued King & Spalding for alleged ethical retaliation

Fired King & Spalding associate David Joffe lost his wrongful termination lawsuit Monday when jurors found that the law firm had no liability.

Prosecutor pay isn’t keeping up with inflation, even as some case backlogs grow, study author says

The average starting salary for prosecutors in 31 larger cities was $68,506 at the start of 2020, according to a survey by a Lafayette College professor in conjunction with the Association of Prosecuting Attorneys.

Cravath is first to announce year-end associate bonuses, with more money for every class year

Cravath, Swaine & Moore announced year-end bonuses of up to $115,000 for associates Monday, topping last year’s year-end bonuses of up to $100,000. Cravath has “reclaimed its throne as BigLaw’s bonus leader” by being the first to announce.

Talent wars top list of perceived threats to law firm profitability, new survey finds

Law firm business leaders are bullish about the future of the legal industry, but they are increasingly concerned about the impact of talent wars on profitability, according to a survey released Tuesday.

Law firm talent war drives firm expenses up 7.2%; will associates be a ‘profit sinkhole’?

Direct expenses at larger law firms increased 7.2% in the last year, mostly driven by a jump in associate compensation, according to the latest Peer Monitor Index report by Thomson Reuters.

Another midsize firm raises associate pay

Several midsize law firms are boosting starting pay for associates next year in a bid to stay competitive.

Some California law firms turn down work amid associate shortage; six-figure signing bonuses reported

A shortage of associates in California’s Bay Area is leading some law firms to turn down work and others to strain available lawyers with the workload, according to a report by the Recorder.

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